WASHINGTON, April 3 (UPI) -- The global economic crisis is hitting the United States dramatically, U.S. President Barack Obama said Friday during a news conference in Germany.
The U.S. unemployment rate hit 8.5 percent in March, a 0.4 percentage-point rise on the loss of 663,000 jobs in a month, statistics released by the Labor Department indicated. Since the recession set in in December 2007, the nation has lost 5.1 million jobs, the report said.